On 10:30 a.m. of 10th September, the massive steel cutting ceremony of first 45000DWT bulk carrier with Hull number N2231 was successfully carried out in the Processing Workshop of Jiangsu New Yangzi Shipbuilding Co., Ltd. This is the first vessel of all six sister 45000DWT bulk carriers that YZJ group build for NAVIBULGAR. Business Dept. introduce the progress and production arrangment for 45000DWT project before the massive steel cutting ceremony. Mr. Aleksandar Kalchev, Executive Director of NAVIBULGAR, Mr. Daniel Harizanov, Technical Director of NAVIBULGAR, Mr. Dimitar Tonev, Newbuilding Manager of ...

South Korea’s Hyundai Heavy Industries said on Monday it will hold Tech Forum for its global customers on the sidelines of Gastech Conference & Exhibition to be held in Barcelona, Spain on Wednesday. Gastech Conference & Exhibition is the leading event for the international oil and gas industries. Some 70 customers including Hoegh and Knutsen are invited to the presentation where the shipbuilder’s new compact regasification system (New Hi-ReGAS) to be applied to the next-generation LNG FSRU (Floating Storage Re-gasification Unit) will be demonstrated. The regasification system uses an indirect ...

After years of struggling to stay afloat, the South Korean shipbuilding industry is preparing for the return of growth. As signs of a global recovery emerge, the country’s big three shipbuilders — Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering and Samsung Heavy Industries — have also cleaned up their balance sheets through tough restructuring. Although Hyundai Heavy’s plan to lay off another 2,000 employees at its offshore energy platform business is a reminder that the industry is not out of the woods yet, the sector is slowly recovering from ...

Japanese shipbuilders received export orders for a total 1.53 million gross tons across 21 vessels in August, up 100.2% year on year and surging 161.8% from July, and posting the first year-on-year rise since May, Japan Ship Exporters Association data released Thursday showed. A JSEA official said the increase may be the start of a rush of orders in the lead-up to the International Maritime Organization’s requirements to use lower sulfur fuel from January 2020. He also noted that while the volume of new orders received in August rose, backlog ...

Hydrogen technology, which aims to replace the use of fossil fuels, would not only benefits carmakers, but also other traditional industrial players such as shipbuilders, the head of H2Korea said in a recent interview with The Korea Herald. “The market perception that the government’s push for hydrogen technology is only for Hyundai Motor is still strong. That’s because other companies still have doubts on the profitability of hydrogen technology as business,” said Shin Jae-haeng, chief operating officer of H2Korea, a state-funded body launched to bridge the government and private sector ...

China is building the world’s largest container ships, each of which will be able to carry more than 23,000 standard containers, which together can hold, for example, more than 1 billion units of the Apple iPhone X. The construction of the first two megaships started in late July. They’re being built by Jiangnan Shipyard Group and Hudong-Zhonghua Shipbuilding Group, both of Shanghai, according to China State Shipbuilding Corp, a State-owned giant that owns the two companies. The ships are expected to be delivered to the customer, CMA CGM, a French ...

The Nigerian arm of Samsung Heavy Industries is in talks to resolve a court action launched by an industrial zone in the west African country where the company has been building a floating oil platform for Total, Samsung Heavy said on Friday. “We are in discussions to iron out any misunderstanding or issues raised between the parties,” a Samsung spokesperson said in a statement sent to Reuters on Friday. “We are yet to come to the resolution or conclusion but we hope to resolve amicably for our further businesses together.” ...

Japan Engine Corporation (J-ENG) exhibited at “SMM Hamburg 2018” held in Hamburg, Germany from September 4 to 7, 2018. During the exhibition, many worldwide customers visited J-ENG’s stand located at Japan Pavilion because of their interests in J-ENG’s after-sales service and its new solution, JUMP (J-ENG Unique Marine Power) which can solve three environmental issues of SOx, NOx, EEDI (CO2) simultaneously. J-ENG could attract the interest of many visitors using the movie on the transparent display. In the movie, the latest series of UE engine adopting its own technologies reducing ...

Croatian Prime Minister Andrej Plenkovic said that the government has a political will to help the troubled shipyard Uljanik, news agency HINA reported. At the moment, Plenkovic told reporters, the most important issues are keeping the jobs in the shipyards as well as the functioning of the company. Plenkovic visited on Thursday the Uljanik shipyard in Pula and met with the workers, members of unions and management board of the company. After the meeting, the government held a session in Pula. “We are aware that maritime and shipbuilding in Croatia ...

Golar LNG is in talks with alternative shipyards for newbuilds. Golar LNG is reportedly evaluating alternative shipyards to build future floating liquefied natural gas (FLNG) vessels, OCBC Investment Research said. Golar LNG had contracted with Keppel Corporation to convert its existing vessels into FLNG vessels thrice in July 2014, December 2014, and July 2015. In a research note, OIR analyst Low Pei Han said Golar had mentioned that other shipyards may offer “more attractive payment terms and long-term financing packages”, and that they “have confidence that a Chinese solution for ...

South Korea’s troubled mid-sized shipbuilder STX Offshore & Shipbuilding Co. saved a hard-won vessel order after persuading state leader Korea Development Bank to back the contract. STX said Wednesday its main creditor bank KDB agreed to provide a refund guarantee for a deal it signed with a Greek shipping company in June to deliver two 50,000-deadweight-ton class tankers. A refund guarantee is a promise from a bank that in the event the builder fails to meet its contractual obligations, the bank will refund the buyer the installments that have already ...

Korea ranked first in new shipbuilding order receipt in August by taking up 540,000 CGTs (10 vessels) or 42% of the total global orders of 1.29 million CGTs (45 vessels), according to Clarkson Research, a provider of global shipping and offshore market intelligence. China took second place with 320,000 CGTs (14 vessels), followed by Taiwan with 280,000 CGTs (10 vessels). Korea also placed first in terms of cumulative order receipts from January to August this year by posting 7,560,000 CGTs (172 vessels), followed by China with 5.7 million CGTs (268 ...

Damen Shipyards Group has carried out tank testing of its 70-metre Fast Crew Supplier (FCS) 7011. The tests were carried out at the Delft University of Technology (TU Delft) with a 2.8-metre long model. Intended for long distance crew transfer operations, the Damen FCS 7011 will offer the offshore oil & gas industry a safe and cost-effective alternative to helicopter flights. In developing the FCS 7011, on-board comfort has been one of Damen’s central design parameters. Consequently, the company has executed a large number of simulations to investigate seakeeping characteristics. ...

Economy Minister Darko Horvat said this week that the way the Uljanik and 3. Maj shipyards had operated so far had come to an end and that the two docks would have to start operating in line with market rules. Asked by reporters what was more likely – acceptance of the Uljanik Group’s restructuring plan by the European Commission or the group’s bankruptcy, Horvat said that the group had its management, supervisory board and shareholders’ assembly and that the government would not comment on their decisions. “However, once their actions ...

Russia’s Zvezda shipyard and Samsung Heavy Industries are setting up a joint venture to produce 42,000-120,000-tonne dead weight tankers at the Zvezda shipbuilding complex, Zvezda said. The venture would be set up by the end of the year, it said in a statement. Source: Reuters (Reporting by Katya Golubkova Writing by Tom Balmforth Editing by Louise Heavens)